AD Ports Group, from the UAE, has committed to invest an estimated AED 1.84B ($501M) to oversee and run a versatile port in Congo for a 30-year concession. AD Ports Group is revolutionizing the outlook of maritime trade and logistics by establishing connections between Abu Dhabi and the global arena. By capitalizing on our advantageous location bridging the East and West, we facilitate trade between highly progressive regions and the world’s rapidly developing economies.
By capitalizing on our advantageous location bridging the East and West, we facilitate trade between highly progressive regions. Our facilities, cutting-edge infrastructure, diverse connectivity options, and extensive knowledge empower businesses to establish connections with trade routes and extend their global reach to encompass a staggering 4.5 B consumers.
The agreement comes after a prior Head of Terms agreement between AD Ports and the Congolese government, according to Zawya News. The new deal grants AD Ports Group exclusive rights to invest in the development, operation, management, and maintenance of the New East Mole Port, which will handle various types of cargo.
Unlocking Trade Potential: AD Ports Group’s $500 Million Investment in Congo
AD Ports has announced its intention to invest over $500 M throughout the concession’s duration, with approximately $220 M designated for the initial phase, set to conclude within the next 30 months.
Over the course of the agreement, AD Ports will furnish the new facility with digital services and technological solutions to enhance operational efficiency. This will encompass various aspects such as single-window design, software development, digital architecture, business analytics, digital operations support, and digital transformation.
“We anticipate substantial advancements in trade and commerce between our respective nations, leading to the establishment of new trade routes, job creation, and overall development in Congo. The concession agreement holds immense potential and benefits for both parties, particularly considering the significant role played by the New East Mole Port in Pointe Noire, which stands out as one of the most successful ports on the central west coast of Africa,” stated Al Shamisi.
Pointe Noire, as the primary commercial hub of the Republic of the Congo, relies on its port to drive the nation’s economy and development within the wider region. In 2021, the UAE exported goods valued at $137 M to the Republic of the Congo, with automobiles constituting the majority at $35 M.
Simultaneously, the Republic of the Congo exported goods worth $1.75 B to the UAE in 2021, with refined copper amounting to $1.6 B and gold reaching $70.6 M as the main exported products.